MLK Plaza is a 12-story building located at 869 E. 147th St in the Bronx that provides affordable housing to New Yorkers at a range of income levels and is one of the first buildings completed under the city's MIH program.
The building was designed by Magnusson Architecture and Planning (MAP) under LEED Platinum standards, and is comprised of 25 studios, 57 one bedrooms, 60 two-bedrooms, 24 three-bedroom apartments. The building also includes a 722 square foot community room and a green roof.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Studios (Studio/1) | - | Call for Price |
One Bedroom (1/1) | - | Call for Price |
Two Bedroom (2/1) | - | Call for Price |
Three Bedroom (3/1) | - | Call for Price |
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.